Category: Economics

Optionality and anti-optionality: Part 2, Loan + Insurance = Lower risk

28 July, 2014 (08:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | No comments

[Continued from last week's Part 1.] By: David A. Smith When you’ve got enough to take care of yourself, more claim checks don’t do you any good. But they can do a lot of good for all kinds of other people. – Warren Buffett As we saw in yesterday’s Part 1, the Economist’s (May 17, […]

Optionality and anti-optionality: Part 1, reward later or reward now?

25 July, 2014 (09:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | 1 comment

By: David A. Smith Money is a claim check on other people’s products and services. – Warren Buffett Once a month, Mrs. Guggenheim sends the bank the same amount of money.  Darling, if you have to ask the price, you can’t afford it Is she saving for herself, or repaying a debt? Either way, her […]

Cosh and carry: Part 2, Money for the Einsteinian political economy

10 April, 2014 (15:13) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation |

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s post, using as source material two articles, one from the Economist (April 5, 2014), the other from the Wall Street Journal (March 27, 2014; green font), both commenting on a new paper published by the National Bureau of Economic Research, established that the rise of […]

Cosh and carry: Part 1, Money in the Newtonian political economy

10 April, 2014 (11:45) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation |

By: David A. Smith If you’re like most readers of this blog, in your wallet you carry both cash and credit cards – and over the years, your use of cash has dropped as your use of credit cards has risen, because they’re quicker and easier (swipe and go), self-replenishing (no more searching for an […]

Tax on the option? Part 3, Rules that are holding us back

31 March, 2014 (13:22) | Affordability, de Blasio, Development, Economics, Housing, Land use, Local issues, Markets, New York City, Real estate taxes, Zoning |

[Continued from yesterday's Part 2 and the preceding  Part 1.]   By:David A. Smith   What can I introduce next?   During my continuing ruminations in the two preceding parts on new Mayor Bill de Blasio’s proposal, one of a very whirlwind of ideas he has summoned for the New York media (such as real-estate-related […]